The story of this market
The typical home in ZIP 78741 sells for about $349,900, or $301 per square foot.
Prices are down 17.48% from a year ago, which gives buyers more room to negotiate. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $1,596 a month.
ZIP 78741 — Austin
The 78741 housing market is currently experiencing a significant price correction with a year-over-year decline of over 17%. While the area remains a popular, high-density location near downtown, the rapid shift in pricing suggests a cooling trend for sellers in this specific ZIP code.
This ZIP is ideal for young professionals, students, and investors seeking proximity to downtown Austin and the university, as well as buyers looking for more affordable entry-level housing options compared to the city core.
Median prices moved down 17.5% year over year.
Homes spend a median of 51 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.3% · poverty 21.6% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 78741, Travis County TX
The area is experiencing ongoing urban infill and redevelopment, particularly near the Riverside corridor and proximity to downtown Austin.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
The ZIP offers high accessibility to downtown Austin via the Riverside Drive corridor and proximity to major highways like I-35 and SH 71.
The area features significant access to the Lady Bird Lake hike-and-bike trail system, Roy G. Guerrero Park, and various shopping centers along the Riverside corridor.
The rental market is highly active with a significant concentration of multi-family developments and student-oriented housing serving the nearby university population.
The local economy is heavily influenced by its proximity to downtown Austin's tech and government sectors, as well as the service and retail industries along the Riverside corridor.
The area is served by Capital Metro bus routes with strong connectivity to the downtown employment core and the University of Texas campus.
The Riverside corridor is undergoing significant transformation with several high-density mixed-use projects in various stages of planning and construction.
The Travis Central Appraisal District manages property assessments for the county, utilizing mass appraisal techniques to determine market value for tax purposes.
Parcels in this ZIP are subject to taxes from the City of Austin, Austin ISD, Travis County, and Austin Community College District.
Data sourced from U.S. Census Bureau and Data Commons.
- Cidercade Austin4.42.4 mi
- Austin’s4.116.6 mi
- Austin Aquarium416.2 mi
- Museum of Illusions Austin4.511.8 mi
- Pinballz Lake Creek4.716.8 mi
- Moody Center4.43.9 mi
- Circuit of The Americas4.67.7 mi
- The Oasis On Lake Travis4.215.6 mi
- Mozart's Coffee Roasters4.56.3 mi
- Alamo Drafthouse Cinema South Lamar4.53.6 mi
- Circuit of The Americas4.67.7 mi
- Texas Capitol4.73.7 mi
- Zilker Metropolitan Park4.84.5 mi
- Mozart's Coffee Roasters4.56.3 mi
- McKinney Falls State Park4.63 mi
- Texas Capitol4.73.7 mi
- Palmer Events Center4.53.3 mi
- Bullock Texas State History Museum4.74 mi
- Thinkery4.65 mi
- Blanton Museum of Art4.74 mi
- Zilker Metropolitan Park4.84.5 mi
- McKinney Falls State Park4.63 mi
- Lady Bird Johnson Wildflower Center4.79.9 mi
- Pease District Park4.84.4 mi
- Zilker Botanical Garden4.64.6 mi
- Texas Rowing Center4.64.6 mi
- Festival Beach Boat Ramp4.71.7 mi
- Lake Austin Marina4.56.7 mi
- Waller Creek Boathouse4.62.9 mi
- Boats and Buses56.5 mi
- Topgolf Austin4.411.9 mi
- Jimmy Clay Golf Course4.33 mi
- Morris Williams Golf Course4.14.6 mi
- Butler Pitch & Putt4.53.6 mi
- Barton Creek Country Club4.69.8 mi
- Barton Creek Square4.45.9 mi
- The Domain4.612.2 mi
- H-E-B4.42.5 mi
- Domain NORTHSIDE4.612.2 mi
- H-E-B4.55.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large municipal park featuring trails, disc golf, and river access.
Extensive hike-and-bike trail system bordering the northern edge of the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.